Hunting property and what to look for?

[Ryan Rothhaar]

I would avoid buying hunting ground in a partnership 1000%. I’ve known of many and they never turned out well. Somebody gets divorced, someone dies, someone loses interest, runs out of money etc etc etc. Whatever legal documents you have drafted are not worth the paper they are written on when someone in the partnership changes their mind or life situation. My 1st rule of buying hunting ground…zero partners, ever. I buy smaller pieces that I can afford by myself and avoid the headaches. Just my 2c.

R

 

[Hnthrdr]

I’ve never looked into property sharing, just heard a lot of horror stories about people being dicks. So I’ve stayed away. A lot of tags are OTC from what I’ve seen if your on private land. So it really wouldn’t be a major factor


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Unless you have 100’s realistically 1000’s of acres I wouldn’t rely on private land tags. You could have some small acreage that produces, but it needs good habitat! Like cover, feed, WATER! Typically places with water will increase exponentially in cost in the west. Buddy of mine has 1200 acres in south eastern WYO and has animals on his place, that said he has all three things listed

 

[jimh406]

In the West, animals move a lot. This AM 20 does walked by. Some days none.

Unless it’s only for hunting, buy where you’ll like to live.

 

[Hnthrdr]

Dunndm, where are you from? What is your budget and what are you trying to hunt? I have friends and family spread out over the west some have done group buys of land some have done single ownership and built. I’d be willing to share some insight. How often will you use the place?

 

[cnelk]

If you own property with others, definitely know the difference in Tenants in Common and Joint Tenants

 

[Miguy]

Tag

 

[Dunndm]

Dunndm, where are you from? What is your budget and what are you trying to hunt? I have friends and family spread out over the west some have done group buys of land some have done single ownership and built. I’d be willing to share some insight. How often will you use the place?

I currently live in Vegas and will be here another 5-7 years if I had to guess for work. After that I’m hoping to move to wherever I end up buying the property. So as of now how often will I use it? During hunting season, in 5-7 years live there most likely


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[Sooner]

Owning property in Wyoming does not make you a resident and you would still have to draw any NR licenses for your land or surrounding areas. However 160+ acres in Wyoming may qualify for LO licenses. Some may still be a draw though.
If you build and live on it then you may qualify as a resident.

My uncle and his buddies found this out the hard way about 25 years ago. He and his buddies bought houses in Medicine Bow. I sure do miss going up there and fishing all summer.

 

[Hnthrdr]

I currently live in Vegas and will be here another 5-7 years if I had to guess for work. After that I’m hoping to move to wherever I end up buying the property. So as of now how often will I use it? During hunting season, in 5-7 years live there most likely


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Good to know. I would Think about a place town or area for a long term move then draw a 2.5 hour drive radius and look there. Think about acreage requirements for LO tags proximity to public land of course and ease of getting tags for what you want to hunt, I’d consider fishing and bird hunting too as you can do a ton every year and no draw tags needed. Not sure about family situation but best to get wife’s buy in otherwise it can be a wedge. Not sure if you have kids will have kids in the future, but having something within a reasonable drive from primary residence is ideal too far and it’s a PITA to take the family. I think you have the right idea. As long as it’s not putting you in a bad spot financially I think it’s awesome I hope to have some hunting land in Co or Wyo in the next 5 years or so. I think it’s dumb to wait till you are really old before you buy they aren’t making any more land I know that.

 

[WCB]

#1 as some mentioned look at availability of tags and Land Owner requirements. Also, are those landowner tags defined to only your property or unit wide. Some state have to have a land description of the property and only one tag per property is allowed. That means 1 out of the 4 of you get a tag no matter if you have 160 acres or 10,000 acres. To get multiple tags you would have to split the land anyways and still you may legally be stuck in your 1/4 of land.

#2 you would have to know and spend time in the area to know game tendency or land use. you could have 1000acres of BLM out the back door and have a hard time finding a rabbit on it. Land quantity has nothing to due with animal availability. At the same time in the right spot (river bottom). 50-100acres could be a dream spot for deer, elk , fishing, upland etc.

#3 If possible get it done yourself. Just went through a goat rope with an 85 acre piece of family land. Remember in the future your kids or nieces nephew or your buddies kids may have to deal with it and people's ideas change and money starts to speak when they no longer have use for it.

 

[Miguy]

Let us know what you find

 

[Mojave]

It 100% depends on what kind of land you are looking for, and what your budget is.

www.landsofAmerica.com or something like that is an ok website. You need to look at individual state MLS website for a truer vision of what is out there.

Pronghorn, mule deer and elk have massive migration zones all year long. Some of them as far as a 500 mile trip or farther. You may or may not have any of them but for a few days a year.

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[Doc Holliday]

Think about it this way- if the land is mainly for hunting. Do the math- Let’s say a $250k property….thats a $10k hunt each year for 25 years in diff locations….how old are you? Yes, you build no equity, but you also don’t have that debt. I’ve looked this over financially for years, just couldn’t get the $$ to pencil out. My .02

Hunts that were $10k a few years ago are $25k now. And land value has gone up exponentially as well. So that $250k house/lot might be worth 800k now. You just made $550k before worrying about how many times you hunted

 

[Rich M]

If the land is adjoining to blm, you could hunt way bigger than your land. If it doesnt adjoin, then you are hunting same place as everyone else.

Id be looking to have a big chunk of blm adjacent.

 

[Shepherd]

I bought some land out west after looking around, kicking tires for 10 or more years. It was only a dream for many of those years - at the time I didn't think it was realistic or practical. But once I made the decision to do it I got in touch with a couple brokers who knew Wyo and MT well and that helped a lot. They knew the state(s) well, knew the ins and outs of the tag situation. I had a long conversation with each one and told them what I was looking for, my budget, etc. I toured a few properties with one of the brokers, then the other one found what I was looking for - it was actually more than what I was looking for but within my budget. It all came together nicely.

For me, its not just a place to hunt. I wanted a place that I could take my kids and extended family - a place where they would want to go, based on their interests as well. My place is near a really nice, fairly good sized town, within 2 hours of a large airport, ski resorts in the area, great fishing in the immediate area, and less than a 12 hour drive from home - with outstanding hunting for the species I want to hunt and tags every year. It's on the grid, has year-round access on a maintained road. I'm hoping it'll become a family destination spot - a place to gather for vacations, holidays, fun times for everyone.

 

[cottonant]

I am young, 30 to be exact. Been very fortunate in my career and investments at my age to be in a great position. And no it’s not daddy’s money haha. I have property in a couple different states for rentals but this would be a hunting cabin for my family and I. I mean it is an investment but it’s more a place for my buddies and my family to spend holidays/hunting there


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5 of us bought a few hundred acres 20 years ago. Our LLC gives members a first right of refusal at a Certificate of Value in the event a member wants to sell, or passes away. One of the original members sold to us shortly after we did the deal, another passed away, so we're down to 3.

We've enjoyed the land immensely and it's worth about 3 times what we paid for it. A little icing on the cake is that the farm income we've collected has paid for a lot of the expenses (taxes, insurance, fuel, equipment, etc.) so Its been a decent investment.

If the same $$$'s had been invested in the S&P 500 it would be worth 5 times that today so we have to include the use of the land to justify the initial investment and additional expenses over the years.

 

[bozeman]

Hunts that were $10k a few years ago are $25k now. And land value has gone up exponentially as well. So that $250k house/lot might be worth 800k now. You just made $550k before worrying about how many times you hunted

Keywords = 'might be'............

 

[Hnthrdr]

Keywords = 'might be'............

Very true, I think a lot of people are gonna be real surprised when they go to sell their mountain home or family cabin and NO ONE will ensure it, so no one will lend on it, so you have to find a cash buyer, 0% chance they will pay what you think it should be worth…